Industry News

31 10 , 2024

Houthis Assert Responsibility for Vessel Attacks in Red Sea and Arabian Sea

On 28 October, Yemen’s Houthi group proclaimed their involvement in targeting three vessels in the Red Sea and the Arabian Sea, as reported by Reuters, as part of their efforts to enforce a naval blo...

17 10 , 2024

Freight Rates Plummet for the Seventh Consecutive Time! All Four Major Routes Decline, with Europe Seeing the Steepest Drop

The strike at the U.S. East Coast ports has officially concluded. Despite initial expectations from shipping companies that the strike might lead to increased freight rates and additional charges, t...

16 10 , 2024

Container ship fleet sees fastest growth in 15 years

Since the dawn of the year, the container ship fleet’s capacity has burgeoned by 1.6 million TEUs. “Compared to a year ago, the capacity has surged by 11% to 29.5 million TEUs, marking the swiftest ...

30 09 , 2024

Port Houston Surpasses 2 Million TEU Milestone in Record Time

Port Houston, the fifth-largest container port in the United States, has surpassed the 2 million TEU milestone more swiftly than ever before. In the first six months of 2024, Port Houston managed ...

20 09 , 2024

Freightos Weekly Update: Rates Continue to Ascend on Early Month Surges

Ocean rates from Asia surged dramatically last week, with the latest daily prices reaching US8,200/FEU to the North America West Coast,US9,300/FEU to the East Coast, US8,600/FEU to North Europe,and U...

19 09 , 2024

Chinese ports have handled 133 million TEUs thus far in 2024

From January to May 2024, Chinese ports managed a container throughput of 132.8 million TEUs, signifying an 8.8% year-on-year growth. In the same timeframe, Shanghai Port’s container throughput attai...

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